Brazilians and Canadians Driving Tourism and Real Estate in Miami!

Real Estate Blog Article

Thursday, April 5, 2012
The Miami Herald reported an estimated 13.4 million people visited Miami in 2011, a record, and a 6.7 increase over 2010. Also, in the news, Miami Dade county experienced the 4 th largest increase in population and is the seventh largest county in the country. Many make the move to Miami for its weather, amazing shopping and dining, and all around beauty and it is clear they begin by visiting! Brazilians were the leading visitors representing 634,000. It is no surprise that Brazilians were also buying during their visits, along with Canadians.
 
One reason Brazilians have bought in South Florida is the recent amazing prices on properties available. South Florida sellers appreciate these clients since they buy often are cash buyers. According to National Association of Realtors, 85% of Brazilian acquisitions are cash deals. Further, when the US economy was in decline, the Brazilian economy experienced a sharp upturn. According to NAR 8% of buyers in Florida were Brazilian. Canadians also have been purchasing condos in South Florida and combined with Brazilians are attributed with helping increase condo prices by up to 50% from 2009, according to Condo Vultures.  Canadians comprised 3% of all Florida buyers. The Canadians purchased lower priced investment properties, whereas the Brazilians purchased luxury properties. Whether luxury or investment, South Florida Real Estate is on the rise, with pending sales up by as much as 50% and it will be interesting to see who else will be buying in 2012, and Miami Condos and Homes has your inside track!
Comments: 0
There are no comments for this post.
Post a comment below
LEAVE A COMMENT
 
Name
 
Email Address
 
URL
 
 
Comment
 
Captcha

Type the characters you see in the picture above.
 
 
< Back

Updated: Monday, September 25, 2023

Copyright ©2023Realty Times®. All Rights Reserved

Housing Rebound: Factors to Consider
In Miami we have had an incredible year of growth with an ever shrinking supply of condos...

Hoteliers Buy Versace Mansion at Auction
Gindi Family and Nakash Family of New York were the winners of the auction for Casa Casuarina...

Stunning Estate for Sale on Allison Island
Allison Island is one of the man made islands comprising Miami Beach. One half of the island...

Avant Garde and Luxurious Penthouse on Fisher Island
Fisher Island is home to some of the highest net worth individuals in Miami. It is a private...

6000 Indian Creek, Condominium Spotlight
6000 Indian Creek is a Sieger Suarez project that was completed in 2007 and consists of...

$35 Million Buys you THIS on Star Island
$35 Million for a home on Star Island is par for the course in Miami Beach real estate....

Development Update
It is looking like a dusty winter season in Miami, with all the construction rapidly underway,...

North Bay Road Charm, 4330 North Bay Road
4330 North Bay Road is a stunning example of Mediterranean architecture in Miami Beach....

Best Home Improvements for Resale Value
It could not be a better time for a homeowner to list their home for sale in Miami. The...

Biscayne Gets a New Development
The Melo Group of developers acquired 601 NE 23rd St last year and have conceived of 23...

520 West Ave Residence 2301
520 West Avenue is home of the Bentley Bay. Bentley Bay is comprised of two modern towers...

Spice 2013, Guide 101
Miami Spice is a program whereby most of the restaurants in the city encourage people to...

Hollywood has a New Hotel
Margaritaville Hollywood is coming to Hollywood Beach and is likely to completely alter...

Sustainable Waterfront Home on Normandy Isle, 1.85 Million
Rarely on the market do we find completely sustainable, off the grid, homes in Miami Beach....

Housing Inventory on the Rise at the Close of Summer
The Wallstreet Journal released numbers via Realtor.com regarding the inventory of available...

Warm Spanish Style Home Listed on the Sunset Islands
1844 W. 23rd Street is listed on the Miami Beach luxury real estate marketplace for $11...

Former Gansevoort Getting Complete Eco-Renovation
Last year the Perry Hotel, formerly the Gansevoort, was purchased for $230 million. The...

Affordable Luxury Waterfront on Hibiscus Island
A home that is considered affordable in Miami terms for waterfront is generally between...

Bart Reines New Masterpiece Released on the Market
Bart Reines is one of the worlds most impressive modern architects living, and he has just...

New Listing on La Gorce Island
98 La Gorce Court has just been listed for sale. This over 7800 square foot home with 8...